Dover Co. (NYSE:DOV) Shares Bought by Glenview Trust co

Glenview Trust co grew its position in Dover Co. (NYSE:DOV) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,370 shares of the industrial products company’s stock after purchasing an additional 288 shares during the period. Glenview Trust co’s holdings in Dover were worth $1,570,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DOV. Envestnet Portfolio Solutions Inc. increased its stake in Dover by 9.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 17,297 shares of the industrial products company’s stock worth $3,245,000 after buying an additional 1,449 shares during the period. Choate Investment Advisors grew its stake in Dover by 18.0% during the 4th quarter. Choate Investment Advisors now owns 9,831 shares of the industrial products company’s stock valued at $1,844,000 after purchasing an additional 1,497 shares in the last quarter. Frank Rimerman Advisors LLC increased its holdings in Dover by 5.6% during the 4th quarter. Frank Rimerman Advisors LLC now owns 2,684 shares of the industrial products company’s stock worth $504,000 after purchasing an additional 143 shares during the last quarter. LBP AM SA acquired a new position in shares of Dover in the 4th quarter valued at approximately $1,771,000. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Dover by 1.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 27,626 shares of the industrial products company’s stock valued at $5,183,000 after buying an additional 444 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Citigroup decreased their target price on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. upped their price target on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a research note on Monday, March 10th. Finally, The Goldman Sachs Group raised their price target on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Dover currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Price Performance

Shares of Dover stock opened at $181.15 on Monday. Dover Co. has a 52 week low of $168.20 and a 52 week high of $222.31. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. The company’s 50-day moving average price is $195.12 and its two-hundred day moving average price is $193.65. The stock has a market cap of $24.86 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV) last issued its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. As a group, sell-side analysts anticipate that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.515 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a yield of 1.14%. Dover’s payout ratio is 10.59%.

About Dover

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.